Tag Archives: Elon

Elon Musk’s acquisition of Twitter, completed on Thursday, also included a $500 million commitment from crypto’s largest trading venue, Binance. Going forward, that means, a major player in cryptocurrencies and “Web3” now has a stake in the social media giant’s success. Accounting for 1.3% of the company’s total value, the stake underscores Binance’s growing influence outside crypto. “We’re excited to be able to help Elon realize a new vision for Twitter,” Binance Founder and CEO Changpeng… Source link

Elon Musk completed his $44 billion deal to buy Twitter on Thursday, reportedly firing top executives and raising questions about content regulation on a platform that banned Donald Trump. The deal comes at a delicate time for social media, as ad revenue wanes and as platforms remain on high alert for potential foreign interference ahead of the Nov. 8 midterm elections. Musk’s decisions on content regulation could determine Twitter’s role in ensuring fair elections. Now that Musk has ousted… Source link

Elon Musk.Adrees Latif/Reuters Elon Musk could have to sell up to $10 billion in Tesla stock next week to complete his Twitter buyout, according to Dav Ives of Wedbush. “The more investors that bail on this deal is the more money that Musk needs to contribute and therefore sell more Tesla stock,” Ives said. Ives called Musk’s $44 billion deal for Twitter a “train wreck.” Elon Musk could be forced to sell $5 billion to $10 billion in Tesla stock next week as he prepares to complete a $44 billion… Source link

All it took for Elon Musk to set the hearts of Tesla investors aflutter was one simple word. A full week after Singapore-based billionaire Leo KoGuan warned only a stock buyback or 100% earnings growth would pull Tesla out of its current slump, Musk finally replied to his third largest shareholder. “Noted,” he wrote on Thursday. Minutes later the stock reversed its losses as investors took this as a clear sign that Musk might greenlight Tesla spending anywhere between $5 billion to even… Source link

Long-time Tesla bull and Elon Musk supporter Cathie Wood thinks the billionaire’s ownership of the social media platform is exactly what it needs. “I am kind of excited to see what Elon will do,” the noted tech investor told Yahoo Finance Live in an exclusive and wide-ranging interview on Thursday (full video above). “I actually think he will work closely with [Twitter Founder] Jack Dorsey and maybe open up the ecosystem, take away the censorship, make it much more transparent, and I think… Source link

Donald Trump is fighting to get his media company off the ground and into public markets, but Tesla CEO Elon Musk keeps getting in his way with his effort to buy Twitter (TWTR). Shares of Digital World Acquisition Company (DWAC) — the blank-check company aiming to merge with Trump’s Truth Social — dropped over 4% on Tuesday on the news that Musk was reversing course and planned to purchase Twitter for $44 billion after initially trying to back out of the deal in July. Tuesday’s decline… Source link

Elon Musk wants to own Twitter after all. The Tesla CEO has decided he wants to go ahead with the deal he originally struck to buy the social media company for $54.20 a share, Bloomberg reports. News of the proposal comes less than two weeks before the two sides were set to go to trial in Delaware’s Court of Chancery over Musk’s attempt to get out of that deal. He has cited concerns about the number of spam and bot accounts on Twitter, and later added allegations from the company’s… Source link

Dimitrios Kambouris/Getty Images for The Met Museum/Vogue/Joe Raedle/Getty Images Text messages between Elon Musk and various notables in tech and business have been released. In several private exchanges, Musk and Jack Dorsey discussed the platform and Musk’s involvement. “I trust you,” Dorsey said in one text to Musk. Elon Musk and Jack Dorsey texted privately about Twitter several times before and after the Tesla billionaire became financially involved in the company, newly revealed court… Source link

Kevin Dietsch/Getty Images Parag Agrawal canceled an interview with Elon Musk’s lawyer the day before it was set to take place. The CEO has yet to reschedule, although the interview is expected to happen. Musk is expected to be interviewed later this week as part of the ongoing lawsuit. Twitter’s Parag Agrawal canceled on short notice a scheduled deposition as part of his company’s lawsuit against Elon Musk, frustrating the billionaire’s legal team, people familiar with the case told Insider. The… Source link

The Tesla Model Y.Tim Levin/Insider I drove a Tesla for the first time and came away impressed with the much-hyped brand. The Model Y’s sleek interior, speedy acceleration, and innovative tech features set it apart. But its oversized touchscreen and lack of physical buttons isn’t for everyone. Tesla created and dominates the burgeoning market for electric vehicles. But can the startup’s popular cars withstand a barrage of competitors from titans like Ford, General Motors, and Volkswagen? That’s… Source link